Less than 150 days separate us from the end of 2024, and this year we have witnessed many changes in the digital currency market. Many were looking forward to 2024 being a special year for the rise of currencies, has this actually happened?
In this article, we will review the market performance in full and take a look at the most prominent currencies so far.
2024 is the year of Meme Coins!
Meme coins have been booming in 2024, accounting for nearly 60% of the top-earning coins.
The meteoric rise of meme coins like Popcat which has gained 7100% since the start of the year and $WIF which has gained 1000% has been supported by the momentum around the #Solana network. These coins have been able to generate huge profits for their holders and some have been listed on major exchanges like #Binance .
It is also worth noting that Trump Coin has achieved a huge increase this year by 1000%. Although it is unofficial, its goal is to be a meme coin for an important event this year, which is the US elections.
In general, I expect the trend of #Memecoins related to global events to increase in the coming period.
But in general, the main point of Meme Coins is sustainability. Although hundreds of Meme Coins have emerged in the past years, only a few, such as Doge and Shiba, have managed to break into the top 10 and maintain their market value.
#RWA The boom in the digital currency market
One important emerging sector in the cryptocurrency market is the Real World Assets (RWA) sector, which aims to integrate assets located on the blockchain.
In 2024, we have seen a boom in projects in this sector, such as ONDO, which has increased by 370% since the beginning of the year.
We also saw the rise of $OM, the Mantra token, a layer-one network of the Cosmos ecosystem, which focuses on building infrastructure for the RWA sector by providing security systems.
The beginning of the boom in the #DePin sector
The DePin sector is starting to see a huge boom in 2024. This sector combines infrastructure systems such as phone networks, the internet, and others with blockchain. One of the most prominent coins in this sector that has achieved great success since the beginning of the year is the AIOZ coin, which has risen by 250%.
Telegram Coins and TON Network
Since the beginning of the year, the Telegram-based $TON network has been performing excellently, rising by 200%. The Telegram ecosystem, including meme coins like $NOT , gaming bots like Hamster, and trading bots like $Banana, has also created a buzz in the market. The TON network benefits from the large user base that Telegram has, which helps these projects achieve great success in a short time.
List of the most prominent digital currencies in terms of profits in 2024
After all, 2024 is not over yet, and there are still opportunities for new coins to enter the market. But so far, here is a list of the 10 most profitable coins since the beginning of the year:
1️⃣#POPCAT- 7148%
2️⃣ #MOG- 3129%
3️⃣ #NPC- 1847%
4️⃣ $OM- 1665%
5️⃣#TRUMP- 1095%
6️⃣ $WIF- 1088%
7️⃣#TURBO- 1021%
8️⃣$TREES - 713%
9️⃣#ABT- 646%
🔟 $PEPE- 554%
